The first Ferrari owned by Afzal Kahn was recently snapped up at a Bonhams auction for a cool £41,400.

The pride and joy of Kahn himself for many years, the Ferrari 550 Maranello Coupé was originally purchased by the principal British designer in 1998. Dressed in silver, the 200 mph Grand Tourer was then sold in 2010, to an owner, who held it in a museum ever since and now the car is back on the road.

This represents excellent value since the car boasts a meager 45k miles on the clock and similar versions start at roughly £50,000.

The Ferrari 550 Maranello Coupé brought back the classic front-engined Grand Touring proportions not seen from the Italian automaker since the Daytona. The 550, just like the Daytona, was designed by Pininfarina with its aerodynamics taking shape in a wind tunnel. Numerous air scoops and outlets were integrated into the body and components were added to provide consistent downforce.

Powering the Grand Tourer was a four-cam 5.5-liter V12 engine with 485bhp at 7,000rpm and used a six-speed transaxle layout inside a tubular steel chassis. Advanced components such as independent suspension with dual-mode damping that could be adjusted by the driver helped to make it a superb performer on the track.

And although buying his first Ferrari, that we saved up and wanted for quite some time represented a great deal of hard work and no doubt the individual who purchased this vehicle will treasure it, it is safe to say Afzal Kahn will have plenty of automotive creations to pick from these days – no doubt the Bugatti Veyron and Kahn Range Rover's takes pride of place!